Zimbabwe Tax Calculators · Non-Resident Dividends Tax
Non-Resident Shareholders' Tax
Statutory NRST: 15% on unlisted dividends, 10% on ZSE-listed and 5% on VFEX-listed securities (Finance Act s.15) — reduced by tax-treaty relief where a treaty applies (e.g. South Africa 5%/10%, UK 5%/15%).
Shareholder details
Use the override field if your treaty rate differs.
Treaty relief: The shareholder must produce a tax-residence certificate from their home country before the company can apply the lower treaty rate. No certificate → default to 15%.
Treaty rate quick-reference
| Country | Substantial holding | Other |
|---|---|---|
| No treaty (statutory: 15% unlisted) | 10% ZSE-listed | 5% VFEX-listed |
| South Africa | 5% (≥10%) | 10% |
| United Kingdom | 5% (≥25%) | 15% |
| Mauritius | 10% (≥25%) | 20% |
| Botswana | 5% (≥25%) | 10% |
| China | 2.5% (≥25%) | 7.5% |
Treaty rates are summarised. Always read the actual treaty article on dividends — many treaties include holding-period and beneficial-ownership conditions.
Statutory anchors
- Income Tax Act [Chapter 23:06] — s.26 & Ninth Schedule (Non-Resident Shareholders' Tax)
- Finance Act [Chapter 23:04] — s.15 (10% listed / 5% VFEX / 15% other)
- Double-tax treaties between Zimbabwe and counterparty country